Sentences with phrase «full responsibility for repayment»

Borrowers must be able to demonstrate they are ready «assume full responsibility for repayment of the loan» or loans on their own, and pass a credit review that demonstrates a satisfactory credit history.

However, cosigners should be very aware that by cosigning a loan they are essentially accepting full responsibility for its repayment if the co-borrower fails to pay.

Your lender, landlord or utility provider may only require a certain number of on - time payments, or it may require a satisfactory credit history and demonstrated ability to assume full responsibility for repayment of the loan.

Borrowers must be able to demonstrate they are ready «assume full responsibility for repayment of the loan» or loans on their own, and pass a credit review that demonstrates a satisfactory credit history.

Not exact matches

While authorized users do not carry any final responsibility for repayment of the loan, co-applicants are vetted by the loan originator and have full access to all information regarding the loan, its payment history, origination and repayment details.

Teaching them about how student loans work, the different options and plans for repayment, and their responsibility on paying it back will also help them be prepared for when they are full - fledged adults and have to make major purchases that require good credit.

During the period of repayment, the borrower keeps the actual or equitable title to the property and maintains full responsibility for the premises, unless expressly stated otherwise in the Deed of Trust.